COMPANY REGISTRATION NUMBER:
NI684639
|
Filleted Unaudited Financial Statements |
|
31 December 2024
Current assets
|
Stocks |
2,750 |
3,579 |
|
Debtors |
5 |
29,922 |
19,679 |
|
Cash at bank and in hand |
16,103 |
2,206 |
|
-------- |
-------- |
|
48,775 |
25,464 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
55,282 |
27,243 |
|
-------- |
-------- |
|
Net current liabilities |
6,507 |
1,779 |
|
------- |
------- |
|
Total assets less current liabilities |
(
6,507) |
(
1,779) |
|
------- |
------- |
|
Net liabilities |
(
6,507) |
(
1,779) |
|
------- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
200 |
200 |
|
Profit and loss account |
(
6,707) |
(
1,979) |
|
------- |
------- |
|
Shareholders deficit |
(
6,507) |
(
1,779) |
|
------- |
------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
26 May 2025
, and are signed on behalf of the board by:
|
Jocelyn Brown |
Andrew Cooper |
|
Director |
Director |
|
|
Company registration number:
NI684639
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 1a Mount Alexander, Comber, Co. Down, BT23 5QL.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year
.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares
.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
29,922 |
19,679 |
|
-------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
16,431 |
7,681 |
|
Social security and other taxes |
5,792 |
500 |
|
Other creditors |
33,059 |
19,062 |
|
-------- |
-------- |
|
55,282 |
27,243 |
|
-------- |
-------- |
|
|
|
7.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets measured at fair value through profit or loss
|
Financial assets measured at fair value through profit or loss |
16,103 |
2,206 |
|
-------- |
------- |
|
|
|